Daily Gold News: Monday, June 21 – Gold’s Rebound Following Last Week’s Sell-Off

The gold futures contract lost 0.33% on Friday, as it slightly extended its $100 decline following the FOMC Statement release. On June 1 gold price was the highest since early January. In April the market has bounced from the support level marked by March 8 local low of $1,663.30. Since then it has been advancing. This morning gold is retracing some of the recent decline, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is 1.1% higher. What about the other precious metals? Silver is 0.8% higher, platinum is 0.2% higher and palladium is 1.0% higher today. So precious metals are higher this morning.

Today we won’t get any new important economic data announcements. The markets will be waiting for tomorrow’s Fed Chief Powell’s Testimony and Wednesday’s important PMI numbers releases.

Where would the price of gold go following last Wednesday’s FOMC Statement? We’ve compiled the data since January of 2017, a 51-month-long period of time that contains of thirty five FOMC releases. The following chart shows average gold price path before and after the FOMC releases for the past 35 releases. The market was usually declining ahead of the FOMC day. Then it was going up for a week-long period. We can see that on average, gold price was 0.64% higher 10 days after the FOMC Statement announcement.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Monday, June 21

  • 10:15 a.m. Eurozone – ECB President Lagarde Speech
  • 3:00 p.m. U.S. – FOMC Member Williams Speech

Tuesday, June 22

  • 10:00 a.m. U.S. – Existing Home Sales, Richmond Manufacturing Index
  • 11:00 a.m. U.S. – FOMC Member Daly Speech
  • 2:00 p.m. U.S. – Fed Chair Powell Testimony

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Friday, June 18 – Gold’s Rebound Following $100 Decline

The gold futures contract lost 2.05% on Thursday, as it extended its Wednesday’s decline following the FOMC Statement release. On June 1 gold price was the highest since early January. In April the market has bounced from the support level marked by March 8 local low of $1,663.30. Since then it has been advancing. This morning gold is trading closer to $1,800 price level after bouncing from Thursday’s low of $1,767.90, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is 1.0% higher. What about the other precious metals? Silver is 1.9% higher, platinum is 1.5% higher and palladium is 2.0% higher today. So precious metals are higher this morning.

Yesterday’s Unemployment Claims release has been worse than expected at 412,000. Today we won’t get any new important economic data releases.

Where would the price of gold go following Wednesday’s FOMC Statement? We’ve compiled the data since January of 2017, a 51-month-long period of time that contains of thirty five FOMC releases. The first chart shows price paths 5 days before and 10 days after the FOMC release. We can see that the biggest 10-day advance after the FOMC day was +10.5% after March 15, 2020 release and the biggest decline was -7.2% after March 3, 2020 release. But we’ve had an increased volatility following coronavirus fear then.

The latest FOMC Statement release came out on April 28. Gold price was 2.8% higher 10 days after the release.

The following chart shows average gold price path before and after the FOMC releases for the past 35 releases. The market was usually declining ahead of the FOMC day. Then it was going up for a week-long period. We can see that on average, gold price was 0.64% higher 10 days after the FOMC Statement announcement.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for today:

Friday, June 18

  • 2:30 a.m. Japan – BOJ Press Conference

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor.

By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Thursday, June 17

The gold futures contract lost 2.40% on Wednesday, as it broke below its recent local lows following the FOMC Statement release. On June 1 gold price was the highest since early January. In April the market has bounced from the support level marked by March 8 local low of $1,663.30. Since then it has been advancing. This morning gold is trading close to $1,800 price level, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is 0.7% lower. What about the other precious metals? Silver is 1.2% lower, platinum is 1.4% lower and palladium is 1.9% lower today. So precious metals are lower this morning.

Yesterday’s Building Permits and Housing Starts releases have been slightly worse than expected. But the markets have reacted to the FOMC Statement announcement at 2:00 p.m. The Fed increased its interest rate paid on required and excess reserve balances from 0.10% to 0.15%.

Today we will get the Unemployment Claims and Philly Fed Manufacturing Index releases. We will also have the Bank of Japan Monetary Policy Statement later in the day.

Where would the price of gold go following yesterday’s FOMC release? We’ve compiled the data since January of 2017, a 51-month-long period of time that contains of thirty five FOMC releases. The first chart shows price paths 5 days before and 10 days after the FOMC release. We can see that the biggest 10-day advance after the FOMC day was +10.5% after March 15, 2020 release and the biggest decline was -7.2% after March 3, 2020 release. But we’ve had an increased volatility following coronavirus fear then.

The latest FOMC Statement release came out on April 28. Gold price was 2.8% higher 10 days after the release.

The following chart shows average gold price path before and after the FOMC releases for the past 35 releases. The market was usually declining ahead of the FOMC day. Then it was going up for a week-long period. We can see that on average, gold price was 0.64% higher 10 days after the FOMC Statement announcement.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Thursday, June 17

  • 8:30 a.m. U.S. – Unemployment Claims, Philly Fed Manufacturing Index
  • Tentative, Japan – Monetary Policy Statement, BOJ Policy Rate

Friday, June 18

  • Tentative, Japan – BOJ Press Conference

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Wednesday, June 16 – Markets Await FOMC Announcement

The gold futures contract lost 0.51% on Tuesday, as it remained close to Monday’s low. Gold is extending its month-long consolidation along $1,850-1,900. On June 1 gold price was the highest since early January. In April the market has bounced from the support level marked by March 8 local low of $1,663.30. Since then it has been advancing. This morning gold is trading along yesterday’s closing price, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is 0.2% lower. What about the other precious metals? Silver is 0.2% higher, platinum is 0.7% lower and palladium is 0.5% higher today. So precious metals are mixed this morning.

Yesterday’s Retail Sales release has been worse than expected at -1.3%. The PPI release has been higher than expected at +0.8%.

The markets will be waiting for today’s FOMC Statement announcement at 2:00 p.m. and the Press Conference at 2:30 p.m. We will also have Building Permits and Housing Starts releases this morning.

Where would the price of gold go following today’s news release? We’ve compiled the data since January of 2017, a 51-month-long period of time that contains of thirty five FOMC releases. The first chart shows price paths 5 days before and 10 days after the FOMC release. We can see that the biggest 10-day advance after the FOMC day was +10.5% after March 15, 2020 release and the biggest decline was -7.2% after March 3, 2020 release. But we’ve had an increased volatility following coronavirus fear then.

The latest FOMC Statement release came out on April 28. Gold price was 2.8% higher 10 days after the release.

The following chart shows average gold price path before and after the FOMC releases for the past 35 releases. The market was usually declining ahead of the FOMC day. Then it was going up for a week-long period. We can see that on average, gold price was 0.64% higher 10 days after the FOMC Statement announcement.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Wednesday, June 16

  • 8:30 a.m. U.S. – Building Permits, Housing Starts, Import Prices m/m
  • 8:30 a.m. Canada – CPI m/m
  • 2:00 p.m. U.S. – FOMC Statement, FOMC Economic Projections, Federal Funds Rate
  • 2:30 a.m. U.S. – FOMC Press Conference
  • 6:30 p.m. Canada – BOC Governor Macklem Speech
  • 9:30 p.m. Australia – Employment Change, Unemployment Rate

Thursday, June 17

  • 8:30 a.m. U.S. – Unemployment Claims, Philly Fed Manufacturing Index
  • Tentative, Japan – Monetary Policy Statement, BOJ Policy Rate

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Monday, June 15 – Gold’s Further Consolidation, Retail Sales Data in Focus

The gold futures contract lost 0.73% on Monday, as it extended its Friday’s decline. However, gold remained within an almost month-long consolidation along $1,850-1,900. On June 1 gold price was the highest since early January. In April the market has bounced from the support level marked by March 8 local low of $1,663.30. Since then it has been advancing. This morning gold is trading along yesterday’s closing price, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is 0.1% lower. What about the other precious metals? Silver is 0.8% lower, platinum is 0.6% lower and palladium is 0.3% higher today. So precious metals are mixed this morning.

There will be Retail Sales release this morning at 8:30 a.m. We will also get the Producer Price Index number.

The markets will be waiting for tomorrow’s FOMC Statement announcement.

Where would the price of gold go following that news release? We’ve compiled the data since January of 2017, a 51-month-long period of time that contains of thirty five FOMC releases. The first chart shows price paths 5 days before and 10 days after the FOMC release. We can see that the biggest 10-day advance after the FOMC day was +10.5% after March 15, 2020 release and the biggest decline was -7.2% after March 3, 2020 release. But we’ve had an increased volatility following coronavirus fear then.

The latest FOMC Statement release came out on April 28. Gold price was 2.8% higher 10 days after the release.

The following chart shows average gold price path before and after the FOMC releases for the past 35 releases. The market was usually declining ahead of the FOMC day. Then it was going up for a week-long period. We can see that on average, gold price was 0.64% higher 10 days after the FOMC Statement announcement.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Tuesday, June 15

  • 8:30 a.m. U.S. – Retail Sales m/m, Core Retail Sales m/m, PPI m/m, Core PPI m/m, Empire State Manufacturing Index
  • 9:15 a.m. U.S. – Industrial Production m/m, Capacity Utilization Rate
  • 10:00 a.m. U.S. – Business Inventories m/m, NAHB Housing Market Index

Wednesday, June 16

  • 8:30 a.m. U.S. – Building Permits, Housing Starts, Import Prices m/m
  • 8:30 a.m. Canada – CPI m/m
  • 2:00 p.m. U.S. – FOMC Statement, FOMC Economic Projections, Federal Funds Rate
  • 2:30 a.m. U.S. – FOMC Press Conference
  • 6:30 p.m. Canada – BOC Governor Macklem Speech
  • 9:30 p.m. Australia – Employment Change, Unemployment Rate

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Monday, June 14 – Gold Dropping to Recent Low

The gold futures contract lost 0.89% on Friday, as it extended its short-term consolidation following the rebound from around $1,850. On June 1 gold price was the highest since early January. In April the market has bounced from the support level marked by March 8 local low of $1,663.30. Since then it has been advancing. This morning gold is trading at its previous local low, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is 1.3% lower, as it is extending Friday’s decline. What about the other precious metals? Silver is 0.8% lower, platinum is 0.2% higher and palladium is 0.5% lower today. So precious metals are lower this morning.

Friday’s Preliminary UoM Consumer Sentiment release has been better than expected at 86.4. Today we won’t get any new important economic data announcements. The markets will be waiting for tomorrow’s Retail Sales release and the important Wednesday’s FOMC Statement release.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Monday, June 14

  • No important economic data releases

Tuesday, June 15

  • 8:30 a.m. U.S. – Retail Sales m/m, Core Retail Sales m/m, PPI m/m, Core PPI m/m, Empire State Manufacturing Index
  • 9:15 a.m. U.S. – Industrial Production m/m, Capacity Utilization Rate
  • 10:00 a.m. U.S. – Business Inventories m/m, NAHB Housing Market Index

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Daily Gold News: Friday, June 11 – More Gold’s Sideways Trading Action

The gold futures contract gained 0.05% on Thursday, as it further extended its short-term consolidation following last week’s rebound. On Tuesday more than a week ago gold price was the highest since early January. In April the market has bounced from the support level marked by March 8 local low of $1,663.30. Since then it has been advancing. This morning gold is trading along $1,900 price level, as we can see on the daily chart (the chart includes today’s intraday data):

Right now gold is 0.4% lower, as it continues to trade relatively close to $1,900 price level. What about the other precious metals? Silver is 0.6% higher, platinum is unchanged and palladium is 0.4% higher today. So precious metals are mixed this morning.

Yesterday’s CPI number release has been higher than expected at +0.6% m/m. The markets went risk-on and the broad stock market has set new record high. Today we will get the Preliminary UoM Consumer Sentiment release.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for today:

Friday, June 11

  • 10:00 a.m. U.S. – Preliminary UoM Consumer Sentiment, Preliminary UoM Inflation Expectations
  • All Day – G7 Meetings

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Thursday, June 10 – Gold Lower Ahead of Inflation Data

The gold futures contract gained 0.06% on Wednesday, as it extended its short-term consolidation following last week’s Friday’s rebound. On Tuesday more than a week ago gold price was the highest since early January. In April the market has bounced from the support level marked by March 8 local low of $1,663.30. Since then it has been advancing. This morning gold is lower, as we can see on the daily chart (the chart includes today’s intraday data):

Right now gold is 0.4% lower, as it continues to trade below $1,900 price level. What about the other precious metals? Silver is 0.3% lower, platinum is 0.9% lower and palladium is 0.2% lower today. So precious metals are lower this morning.

The markets will be waiting for today’s important ECB Monetary Policy announcement and the U.S. CPI number release.

Where would the price of gold go following last Friday’s NFP release? We’ve compiled the data since September of 2018, a 33-month-long period of time that contains of thirty three NFP releases. The following chart shows the average gold price path before and after the NFP releases for the past 33 months. The market was usually advancing ahead of the release day and closing 0.55% higher on the 10th day after the NFP release.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Thursday, June 10

  • 7:45 a.m. Eurozone – Monetary Policy Statement, Main Refinancing Rate
  • 8:30 a.m. Eurozone – ECB Press Conference
  • 8:30 a.m. U.S. – CPI m/m, Core CPI m/m, Unemployment Claims
  • 1:01 p.m. U.S. – 30-y Bond Auction
  • 2:00 p.m. U.S. – Federal Budget Balance

Friday, June 11

  • 10:00 a.m. U.S. – Preliminary UoM Consumer Sentiment, Preliminary UoM Inflation Expectations
  • All Day – G7 Meetings

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Wednesday, June 9 – Gold Extending Short-Term Consolidation

The gold futures contract lost 0.23% on Tuesday, as it fluctuated within a short-term consolidation following Friday’s rebound. On Tuesday a week ago gold price was the highest since early January. In April the market has bounced from the support level marked by March 8 local low of $1,663.30. Since then it has been advancing. This morning gold is relatively flat again, as we can see on the daily chart (the chart includes today’s intraday data):

Right now gold is 0.2% lower, as it is trading slightly below $1,900 price level. What about the other precious metals? Silver is 0.2% lower, platinum is 0.4% lower and palladium is 0.2% lower today. So precious metals are slightly lower this morning.

Today we will get the U.S. Final Wholesale Inventories release, among others.

The markets will be waiting for tomorrow’s important ECB Monetary Policy announcement and the U.S. CPI number release.

Where would the price of gold go following Friday’s NFP release? We’ve compiled the data since September of 2018, a 33-month-long period of time that contains of thirty three NFP releases. The following chart shows the average gold price path before and after the NFP releases for the past 33 months. The market was usually advancing ahead of the release day and closing 0.55% higher on the 10th day after the NFP release.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Wednesday, June 9

  • 10:00 a.m. U.S. – Final Wholesale Inventories m/m
  • 10:00 a.m. Canada – BOC Rate Statement, Overnight Rate
  • 1:01 p.m. U.S. – 10-y Bond Auction

Thursday, June 10

  • 7:45 a.m. Eurozone – Monetary Policy Statement, Main Refinancing Rate
  • 8:30 a.m. Eurozone – ECB Press Conference
  • 8:30 a.m. U.S. – CPI m/m, Core CPI m/m, Unemployment Claims
  • 1:01 p.m. U.S. – 30-y Bond Auction
  • 2:00 p.m. U.S. – Federal Budget Balance

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Tuesday, June 8 – Gold Going Along $1,900 Price Level

The gold futures contract gained 0.36% on Monday, as it retraced some more of its Thursday’s decline. On Tuesday a week ago gold price was the highest since early January. In April the market has bounced from the support level marked by March 8 local low of $1,663.30. Since then it has been advancing. This morning gold is relatively flat, as we can see on the daily chart (the chart includes today’s intraday data):

Right now gold is 0.3% lower, as it is trading slightly along $1,900 price level. What about the other precious metals? Silver is 0.8% lower, platinum is 1.0% lower and palladium is 0.5% lower today. So precious metals are lower this morning.

Today we will get the U.S. Trade Balance number release at 8:30 a.m.

The markets will be waiting for Thursday’s important ECB Monetary Policy announcement and the U.S. CPI number release.

Where would the price of gold go following Friday’s important NFP release? We’ve compiled the data since September of 2018, a 33-month-long period of time that contains of thirty three NFP releases. The following chart shows the average gold price path before and after the NFP releases for the past 33 months. The market was usually advancing ahead of the release day and closing 0.55% higher on the 10th day after the NFP release.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Tuesday, June 8

  • 5:00 a.m. Eurozone – German ZEW Economic Sentiment
  • 8:30 a.m. U.S. – Trade Balance
  • 10:00 a.m. U.S. – JOLTS Job Openings

Wednesday, June 9

  • 10:00 a.m. U.S. – Final Wholesale Inventories m/m
  • 10:00 a.m. Canada – BOC Rate Statement, Overnight Rate
  • 1:01 p.m. U.S. – 10-y Bond Auction

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Monday, June 7 – Gold Remains Below $1,900

The gold futures contract gained 1.00% on Friday, as it retraced some of its Thursday’s decline. On Tuesday gold price was the highest since early January. In April the market has bounced from the support level marked by March 8 local low of $1,663.30. Since then it has been advancing. This morning gold is trading along Friday’s daily closing price, as we can see on the daily chart (the chart includes today’s intraday data):

Right now gold is 0.3% lower, as it is trading slightly below $1,900 price level. What about the other precious metals? Silver is 0.8% lower, platinum is unchanged and palladium is 1.1% higher today. So precious metals are lower this morning.

Friday’s Nonfarm Payrolls release has been worse than expected at +559,000, but the Unemployment Rate has come better than expected at 5.8%. Gold price went higher following Friday’s releases. Today we won’t get any new important economic data announcements.

Where would the price of gold go following today’s important NFP release? We’ve compiled the data since September of 2018, a 33-month-long period of time that contains of thirty three NFP releases. The first chart shows price paths 5 days before and 10 days after the NFP release. The last three cases are marked with dashed lines. Gold gained 2.48% in May and it gained 1.92% in April.

The following chart shows the average gold price path before and after the NFP releases for the past 33 months. The market was usually advancing ahead of the release day and closing 0.55% higher on the 10th day after the NFP release.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Monday, June 7

  • No important economic data releases

Tuesday, June 8

  • 5:00 a.m. Eurozone – German ZEW Economic Sentiment
  • 8:30 a.m. U.S. – Trade Balance
  • 10:00 a.m. U.S. – JOLTS Job Openings

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Friday, June 4 – Gold Unchanged Ahead of U.S. Jobs Data

The gold futures contract lost 1.92% on Thursday, as it retraced most of its recent advances following better-than-expected economic data releases and rising U.S. dollar. On Tuesday gold price was the highest since early January. In April the market has bounced from the support level marked by March 8 local low of $1,663.30. Since then it has been advancing. This morning gold is trading along yesterday’s daily closing price, as we can see on the daily chart (the chart includes today’s intraday data):

Right now gold is 0.1% higher, as it is trading along $1,970 price level. What about the other precious metals? Silver is 0.1% lower, platinum is 0.7% lower and palladium is 0.7% lower today. So precious metals are mixed this morning.

Yesterday’s ADP Non-Farm Employment Change release has been much better than expected at +978,000. The markets will be waiting for today’s monthly jobs data release. We will get the Nonfarm Payrolls release at 8:30 a.m. and it is expected at +645,000.

Where would the price of gold go following today’s important NFP release? We’ve compiled the data since September of 2018, a 33-month-long period of time that contains of thirty three NFP releases. The first chart shows price paths 5 days before and 10 days after the NFP release. The last three cases are marked with dashed lines. Gold gained 2.48% in May and it gained 1.92% in April.

The following chart shows the average gold price path before and after the NFP releases for the past 33 months. The market was usually advancing ahead of the release day and closing 0.55% higher on the 10th day after the NFP release.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for today:

Friday, June 4

  • 7:00 a.m. U.S. – Fed Chair Powell Speech
  • 7:00 a.m. Eurozone – ECB President Lagarde Speech
  • 8:30 a.m. U.S. – Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m
  • 8:30 a.m. Canada – Employment Change, Unemployment Rate, Labor Productivity q/q
  • 10:00 a.m. Canada – Ivey PMI
  • All Day – G7 Meetings

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Thursday, June 3 – Gold Trading Along $1,900 Price Level

The gold futures contract gained 0.26% on Wednesday, as it extended its short-term consolidation following last week’s advances. On Tuesday gold price was the highest since early January. In April the market has bounced from the support level marked by March 8 local low of $1,663.30. Since then it has been advancing. Today gold continues to trade within a short-term consolidation, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.8% lower this morning, as it is trading along the recent local lows. What about the other precious metals? Silver is 1.6% lower, platinum is 0.7% lower and palladium is 0.7% lower today. So precious metals are lower this morning.

Today we will get the ADP Non-Farm Employment Change and ISM Services PMI releases, among others. The markets will be waiting for Friday’s monthly jobs data release.

Where would the price of gold go following tomorrow’s NFP release? We’ve compiled the data since September of 2018, a 33-month-long period of time that contains of thirty three NFP releases. The first chart shows price paths 5 days before and 10 days after the NFP release. The last three cases are marked with dashed lines. Gold gained 2.48% in May and it gained 1.92% in April.

The following chart shows the average gold price path before and after the NFP releases for the past 33 months. The market was usually advancing ahead of the release day and closing 0.55% higher on the 10th day after the NFP release.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Thursday, June 3

  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change
  • 8:30 a.m. U.S. – Unemployment Claims, Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q
  • 9:45 a.m. U.S. – Final Services PMI
  • 10:00 a.m. U.S. – ISM Services PMI
  • 12:30 p.m. U.S. – FOMC Member Bostic Speech
  • 3:05 p.m. U.S. – FOMC Member Quarles Speech

Friday, June 4

  • 7:00 a.m. U.S. – Fed Chair Powell Speech
  • 7:00 a.m. Eurozone – ECB President Lagarde Speech
  • 8:30 a.m. U.S. – Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m
  • 8:30 a.m. Canada – Employment Change, Unemployment Rate, Labor Productivity q/q
  • 10:00 a.m. Canada – Ivey PMI
  • All Day – G7 Meetings

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported.

The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Wednesday, June 2 – Gold Extending Consolidation

The gold futures contract lost 0.02% on Tuesday, as it fluctuated following last week’s advances. Yesterday gold price was the highest since early January. In April the market has bounced from the support level marked by March 8 local low of $1,663.30. Since then it has been advancing. Today gold remains within a short-term consolidation, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.2% lower this morning, as it is continues to trade within a short-term consolidation. What about the other precious metals? Silver is 0.3% lower, platinum is 0.9% lower and palladium is 0.4% lower today. So precious metals are lower this morning.

Yesterday’s ISM Manufacturing PMI release has been slightly better than expected at 61.2. Today we will get the Beige Book release at 2:00 p.m. We will also have some Fed-talk. The markets will be waiting for Friday’s monthly jobs data release.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Wednesday, June 2

  • 2:00 p.m. U.S. – Beige Book, FOMC Member Bostic Speech, FOMC Member Evans Speech

Thursday, June 3

  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change
  • 8:30 a.m. U.S. – Unemployment Claims, Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q
  • 9:45 a.m. U.S. – Final Services PMI
  • 10:00 a.m. U.S. – ISM Services PMI
  • 12:30 p.m. U.S. – FOMC Member Bostic Speech
  • 3:05 p.m. U.S. – FOMC Member Quarles Speech

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.
* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Monday, June 1 – Gold’s Uncertainty After Breaking Above $1,900

The gold futures contract gained 0.36% on Friday, as it continued to fluctuate following its recent advances. On Wednesday gold price was the highest since early January. In April the market has bounced from the support level marked by March 8 local low of $1,663.30. Since then it has been advancing. Today gold has extended the uptrend, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.1% higher this morning, as it is trading within a short-term consolidation. What about the other precious metals? Silver is 0.7% higher, platinum is 0.6% lower and palladium is 0.3% higher today. So precious metals are mixed this morning.

Friday’s Core PCE Price Index release has been slightly higher than expected at +0.7%. Today we will get the ISM Manufacturing PMI release at 10:00 a.m., among others.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Tuesday, June 1

  • 12:30 a.m. Australia – RBA Rate Statement, Cash Rate
  • 3:55 a.m. Eurozone – German Final Manufacturing PMI
  • 8:30 a.m. Canada – GDP m/m
  • 9:45 a.m. U.S. – Final Manufacturing PMI
  • 10:00 a.m. U.S. – ISM Manufacturing PMI , ISM Manufacturing Prices, Construction Spending m/m, FOMC Member Quarles Speech
  • 2:00 p.m. U.S. – FOMC Member Brainard Speech
  • 9:30 p.m. Australia – GDP q/q
  • All Day – OPEC-JMMC Meetings

Wednesday, June 2

  • 2:00 p.m. U.S. – Beige Book, FOMC Member Bostic Speech, FOMC Member Evans Speech

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Friday, May 28 – Gold Remains Below $1,900

The gold futures contract lost 0.28% on Thursday, as it fluctuated following its recent advances. On Wednesday gold price was the highest since early January. In April the market has bounced from the support level marked by March 8 local low of $1,663.30. Since then it has been advancing. Today gold is trading below $1,900 price mark, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.2% lower this morning, as it is trading within a short-term consolidation. What about the other precious metals? Silver is 0.8% lower, platinum is 0.2% lower and palladium is 0.3% higher today. So precious metals are lower this morning.

Yesterday’s Preliminary GDP release has been slightly worse than expected at +6.4% and the Unemployment Claims release has been better than expected at 406,000. Today we will get Personal Spending/ Personal Income, Core PCE Price Index releases, among others.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for today:

Friday, May 28

  • 8:30 a.m. U.S. – Personal Income m/m, Personal Spending m/m, Core PCE Price Index m/m, Goods Trade Balance, Preliminary Wholesale Inventories m/m
  • 9:45 a.m. U.S. – Chicago PMI
  • 10:00 a.m. U.S – Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Thursday, May 27 – Gold’s Short-Term Consolidation Along $1,900

The gold futures contract gained 0.31% on Wednesday, as it extended its uptrend once again. It was the highest since early January. In April the market has bounced from the support level marked by March 8 local low of $1,663.30. Since then it has been advancing. Today gold is trading slightly below $1,900 price mark, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.1% lower this morning, as it is trading along yesterday’s closing price. What about the other precious metals? Silver is 0.1% higher, platinum is 0.1% lower and palladium is 1.3% higher today. So precious metals are mixed this morning.

The markets will be waiting for today’s Preliminary GDP and Unemployment Claims releases at 8:30 a.m.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Thursday, May 27

  • 8:30 a.m. U.S. – Preliminary GDP q/q , Unemployment Claims, Durable Goods Orders m/m, Core Durable Goods Orders m/m, Preliminary GDP Price Index q/q
  • 10:00 a.m. U.S. – Pending Home Sales m/m

Friday, May 28

  • 8:30 a.m. U.S. – Personal Income m/m, Personal Spending m/m, Core PCE Price Index m/m, Goods Trade Balance, Preliminary Wholesale Inventories m/m
  • 9:45 a.m. U.S. – Chicago PMI
  • 10:00 a.m. U.S – Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Wednesday, May 26 – Gold Breaking Above $1,900

The gold futures contract gained 0.72% on Tuesday, as it broke above its short-term consolidation. In early April the market has bounced from the support level marked by March 8 local low of $1,663.30. Since then it has been advancing. Today gold is trading above $1,900 price mark and it’s the highest since early January, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.5% higher this morning following breaking above $1,900. What about the other precious metals? Silver is 0.3% higher, platinum is 0.8% higher and palladium is 0.8% higher today. So precious metals are higher this morning.

Yesterday’s Consumer Confidence number release has been worse than expected at 117.2. The markets will be waiting for tomorrow’s Preliminary GDP and Unemployment Claims releases.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Wednesday, May 26

  • 10:00 a.m. U.S. – FOMC Member Quarles Speech
  • 3:00 p.m. U.S. – FOMC Member Quarles Speech

Thursday, May 27

  • 8:30 a.m. U.S. – Preliminary GDP q/q , Unemployment Claims, Durable Goods Orders m/m, Core Durable Goods Orders m/m, Preliminary GDP Price Index q/q
  • 10:00 a.m. U.S. – Pending Home Sales m/m

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Tuesday, May 25 – Gold Still Going Sideways

The gold futures contract gained 0.42% on Monday, as it continued to trade within a short-term consolidation following the recent advances. In early April the market has bounced from the support level marked by March 8 local low of $1,663.30. Since then it has been advancing. Today gold is trading sideways again, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.1% higher this morning, as it is trading along yesterday’s closing price. What about the other precious metals? Silver is 0.5% lower, platinum is 0.5% higher and palladium is 0.7% higher today. So precious metals are mixed this morning.

The markets will be waiting for today’s Consumer Confidence number release at 10:00 a.m. We will also have New Home Sales and Richmond Manufacturing releases.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Tuesday, May 25

  • 4:00 a.m. Eurozone – German ifo Business Climate
  • 7:40 a.m. U.S. – FOMC Member Evans Speech
  • 9:00 a.m. U.S. – HPI m/m, S&P/CS Composite-20 HPI y/y
  • 10:00 a.m. U.S. – CB Consumer Confidence , New Home Sales, Richmond Manufacturing Index, FOMC Member Quarles Speech

Wednesday, May 26

  • 10:00 a.m. U.S. – FOMC Member Quarles Speech
  • 3:00 p.m. U.S. – FOMC Member Quarles Speech

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Monday, May 24 – Gold Consolidating Below $1,900 Price Mark

The gold futures contract lost 0.28% on Friday, as it extended a short-term consolidation following the recent advances. In early April the market has bounced from the support level marked by March 8 local low of $1,663.30. Since then it has been advancing. Today gold is trading sideways, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.1% higher this morning, as it is trading along Friday’s closing price. What about the other precious metals? Silver is 0.5% higher, platinum is 0.1% higher and palladium is 0.3% higher today. So precious metals are slightly higher this morning.

Friday’s U.S. Flash Manufacturing PMI and Flash Services PMI releases have been better than expected. Today we won’t get any new important economic data releases. However, there will be some Fed-talk. The markets will wait for tomorrow’s Consumer Confidence number release.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Monday, May 24

  • 8:05 a.m. Japan – BOJ Governor Kuroda Speech
  • 9:00 a.m. U.S. – FOMC Member Brainard Speech
  • 12:00 p.m. U.S. – FOMC Member Bostic Speech
  • All Day, Eurozone – German Bank Holiday, French Bank Holiday
  • All Day, Canada – Bank Holiday

Tuesday, May 25

  • 4:00 a.m. Eurozone – German ifo Business Climate
  • 7:40 a.m. U.S. – FOMC Member Evans Speech
  • 9:00 a.m. U.S. – HPI m/m, S&P/CS Composite-20 HPI y/y
  • 10:00 a.m. U.S. – CB Consumer Confidence , New Home Sales, Richmond Manufacturing Index, FOMC Member Quarles Speech

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.